Trends and Drivers of Productivity Growth in Latvia
Date
2019
Authors
Baranova, Daira
Journal Title
Journal ISSN
Volume Title
Publisher
University of Latvia
Abstract
Designing policies to rise in productivity and understanding global challenges affecting the growth is an
important current issue. Trends and drivers of productivity growth continue to be a key theme for researchers and policy
makers. Productivity growth has generally slowed over past decade. OECD, IMF, World Bank, the European Commission
deal with different aspects of productivity.
The research aims are to analyse foundations of productivity measurement and causes of actual trends, policies
fostering productivity growth and promoting sustained economic growth.
The research consists of two parts. In the first part, review of research papers on productivity has been done. The
OECD methodology of productivity measurement and relations between structural reforms and productivity growth is
the focus of this part. Second part of the research deals with trends and causes of the current situation. The problem of
productivity growth in Latvia and in the EU is analysed based on empirical data and calculations. This part of the research
is also dedicated to economic policy fostering productivity growth.
Results of the paper find different factors with negative impact on productivity, and factors with positive impact on
productivity. Effects on productivity depend on the purpose of productivity measurement as well as on impact on
productivity in the short-run or in the long-run.
Description
Proceedings of the 11th international scientific conference "New Challenges of Economic and Business Development – 2019: Incentives for Sustainable Economic Growth" organized by the Faculty of Business, Management and Economics (University of Latvia), 16 - 18 of May, 2019.
Keywords
productivity growth , labour productivity , productivity measures , Research Subject Categories::SOCIAL SCIENCES::Business and economics